News Sep 19 23

Why Renting a Ready-Built Factory For Lease in Hung Yen is the Perfect Solution for Your Business

Post Image

With the ever-growing demand for manufacturing and industrial spaces in the region, finding the ideal location can be a daunting task. However, by opting for a ready-built factory, you can save both time and money while enjoying the convenience of a fully equipped and functional space.

Hung Yen, known for its prime location and supportive business environment, offers a multitude of benefits for businesses looking to establish themselves in the area.

In this article, we will delve into the advantages of choosing a ready-built factory for lease in Hung Yen and why it is the perfect solution for your business. So, if you’re ready to take your operations to the next level, keep reading to discover why Hung Yen should be your next business destination.

Advantages of leasing a ready-built factory for rent


Companies do not need to pay for modern, high-tech facilities when leasing a ready-built factory.
Companies do not need to pay for modern, high-tech facilities when leasing a ready-built factory for lease. Photo from Wikipedia.

Leasing a ready-built factory for rent comes with numerous advantages that can give your business a competitive edge. One of the primary benefits is the cost-saving factor.

When you lease a ready-built factory, you eliminate the need for upfront construction costs and the associated delays. The factory is already built and equipped with the necessary infrastructure, such as electricity, water supply, and telecommunications. This allows you to focus on your core business activities without the hassle and financial burden of building or renovating a factory from scratch.

Scalability and flexibility

In addition to cost savings, leasing a ready-built factory also offers flexibility. As your business grows, you may need to expand or downsize your operations. With a ready-built factory, you have the flexibility to adjust your space requirements according to your business needs. 

Whether you need additional production space or want to consolidate your operations in a smaller facility, leasing a ready-built factory allows you to scale your operations without the long-term commitment of owning a property.

Access to well-established industrial ecosystem

Renting a ready-built factory for lease in Hung Yen provides access to a well-established industrial ecosystem. Hung Yen is situated in the centre of Northern Vietnam, which is home to a diverse range of industries, including electronics, textiles, automotive, and more. 

By being part of this vibrant business community, companies can benefit from the shared knowledge and expertise of other industry players. This collaborative environment can foster innovation and open up opportunities for partnerships and collaborations.

Additionally, being in close proximity to other businesses in the industry can enhance supply chain efficiency and reduce transportation costs.

Interested in learning more about the ready-built factory for lease in Hung Yen available by Q1 2024? Find out through this site.

Infrastructure and human resources available in Hung Yen

Hung Yen is a newly-rising, modern and crowded city in Northern Vietnam.
Hung Yen is a newly-rising, modern and crowded city in Northern Vietnam. Photo from Tạp chí Quản lý Nhà nước


Hung Yen is strategically located near Hanoi, the capital city of Vietnam, and is well connected to major transportation networks. It is easily accessible via highways, railways, and international airports (Noi Bai and Cat Bi), facilitating the movement of goods and people. This connectivity is crucial for businesses that rely on efficient logistics and supply chain management.

  • Read more: Hung Yen is attracting a high amount of FDI investment. Read more in this article.

Human resources

Hung Yen boasts a skilled and adaptable workforce, contributing to its attractiveness as an industrial hub. The province is home to a large pool of educated and well-trained white-collar professionals, thanks to its proximity to prestigious educational institutions in Hanoi. 

Additionally, Hung Yen is located near Hanoi, the capital city, and crowded neighbourhoods of northern Vietnam like Hai Duong and Thai Binh, making it a major hub for blue-collar labour recruitment, which is crucial for manufacturing.

Choosing a factory for rent in Hung Yen may be the choice that leverages your business. Discover CORE5 Hung Yen through this virtual tour with us.

A corner of Hung Yen city, looking from above.
A corner of Hung Yen city, looking from above. Photo from Vietnammoi.

How to find a suitable ready-built factory for lease in Hung Yen

Finding a ready-built factory for lease in Hung Yen can be a seamless process with the right approach. Here are some steps to guide you:

Define your requirements

Determine the specific needs of your business, including the size of the factory, location preferences, and infrastructure requirements.

Research available options

Conduct thorough market research to identify available ready-built factories in Hung Yen. Consider factors such as proximity to suppliers and customers, accessibility, and cost.

Engage with a leasing agent

Work with a reputable leasing agent who specialises in industrial properties in Hung Yen. They can provide valuable insights, negotiate lease terms, and assist with the legal aspects of the transaction.

Visit on-site and evaluate

Visit the shortlisted factories to assess their suitability for your business. Consider factors such as layout, infrastructure, security, and parking facilities.

Ready-built factory for lease in Hung Yen
CORE5 Hung Yen – one of the A-standard, world-class factory for rent project in the province. Illustration from CORE5.

Negotiate lease terms 

Once you have selected a suitable factory, negotiate the lease terms and conditions with the property owner. Ensure that the lease agreement covers all necessary aspects, including rent, duration, maintenance responsibilities, and any additional services required.

Complete the legal and administrative procedures

Complete all legal and administrative procedures, including obtaining the necessary permits and licences to operate your business in Hung Yen.

By following these steps and working with the right professionals, you can successfully find a ready-built factory for lease in Hung Yen that meets your business requirements.

However, we understand that most business owners who plan to expand their business will not have much time to spend researching and planning for rentals themselves. If you are one of them, save your time by letting an expert help you.

Contact them here to learn more about the market of factory for rent in Hung Yen.

5/5 - (8 votes)
Background contact us

Accelerate your business with Core5 Vietnam – Industrial Property is our game

Click to make an appointment with one of our specialist to visit sites or schedule call to receive a more comprehensive presentation of our industrial properties and development capabilities to offer either a soft-landing at start up and accelerate your business from commencement with Core5 as your industrial partner.